In September Bermuda-based Sirius [WTMSI.UL] bought 4.9 percent of insurer Phoenix from Delek for 208 million shekels.

The latest deal is subject to regulatory approval, Delek said in a statement to the Tel Aviv Stock Exchange.

In June, Delek said its planned sale of a controlling stake in Phoenix to China’s Fujian Yango Group (000671.SZ) had been called off by both sides after it failed to secure regulatory approval. Previously, deals to sell Phoenix to AmTrust Financial Services (AFSI.O) and China’s Fosun International (0656.HK) also fell through.